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Islamic microfinance is not just mere microfinance from a conventional sense, accepting deposits and lending are the core competencies of conventional microfinance to have the maximum spread between the two. Whereas Islamic microfinance focus on profit/loss sharing by using the funds on economic generating, investing and trading activities to make a profit and share that profit with all the depositors and shareholders, whilst protecting the fabric of our society without engaging in activities prohibited and harmful to the society. Despite the huge demand for Islamic microfinance among Muslims communities due to the high rate of unemployment and poverty, Islamic microfinance do not keep pace with upraising demand. While millions of poor people were covered by the conventional microfinance, then only very few thousands have been reached by the Islamic microfinance in Nigeria. The study used observation and content analysis of the secondary source of data. The paper thus aimed at the imperative to generate awareness on the ethical micro financing and investment experience to reach out to the public towards embracing any new Islamic windows that on hand open doors, better customer services, wide range of product offerings tied with excellent distribution channels-the pricing and returns.

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